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10,696 Views • Jan 22, 2024 • Click to toggle off description
Views : 10,696
Genre: Howto & Style
Uploaded At Jan 22, 2024 ^^
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Rating : 4.964 (6/670 LTDR)
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User score: 98.67- Masterpiece Video
RYD date created : 2024-01-26T21:37:33.489695Z
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YouTube Comments - 45 Comments
Top Comments of this video!! :3
I completely agree. When I teach cooking classes, I generally get $200 per class (which is usually 1 hr). Depending on the prep and student involvement, the hrly rate changes.
They are paying for your expertise, not just the product or the time.
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I'm a small business owner myself, and I think what folks are referring to is that you need to charge hourly IN ADDITION to the charge for the result.
I'm a custom cake decorator, and I'm also a for-profit business. I sell the result as well, the wow factor of a fancy celebration cake. I'm also trying to build and run a business and eventually if I want to have a brick and mortart bakery I'll need to have employees and so an hourly wage is an essential part of building any small business. When I charge for a cake, I am absolutely selling my time as well as the final products. I charge for all of the ingredients, decor, packaging, supplies etc., then I charge for overhead costs like use of my own home utilities when I'm baking for a customer, wear and tear on the equipment I use, cost of a website and marketing etc and then I pay myself hourly for the time I spent baking and decorating. If I add all of that up and sell my cakes for that price, I would be running a nonprofit business. So, on top of the actual cost to create these cakes, I charge an additional 30% of that total cost, so I'm making a profit that I can use to grow my company. That is how you build a profitable business where you can employ not only yourself but others potentially down the road.
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The way you've done business has enabled you to pay off your student loan, purchase properties, open a business and do things to bring joy to not only your customers, but to you
Let what you do continue to bring you satisfaction and happiness so it will never turn into a chore
Greed ruins many things
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Good way to look at pricing your completed product! Still loving your videos🤗
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I agree …. Selling the results!
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I believe your pricing plan is exactly right! You need to stay competitive with your pricing! On the other hand, your skill is worth way more than $30/hour! It’s worth $100/hour, but if you charged that, people would not be able to afford you
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OK but that French Provencial piece you did this last Flipmas results was worth wayyyyy more than you charged!!!! LOL I mean maybe you wanted to grant somebody's Christmas wish but that piece was ahhhhmazing!!!!
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Also, as someone who has redone furniture myself, it depends where you live! I could charge $1000-$2000 for a piece of furniture in Seattle but here in Ohio it’s much lower. I have seen people create their own brands via social media and sell their stuff that way which seems to work well if they produce a good product.
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Agreed. When we run our own businesses, we can decide for ourselves the same😊. You do you and what is dear to your heart and life situations. You're doing great!
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Very good said!! ❤
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Thank you, Lauren. Helpful info.
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I love that.I have never thought about it that way…Thank you so much, I love your work and I have learned so much from you..small town girl Deborah for north Al.
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Pieces of art are not charged by the hour
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Goods and services are sold as time and material. Period. Don’t let people lie to you.
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That's a good to put it. Thank you ❤
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I charge exactly like you and have done for the last ten years . Totally agree with how you charge ❤
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Do not care about what people say furniture itself is expensive, you actually do a great job, don’t feel ashamed the same people criticizing you are buy Gucci t-shirts that cost $10 to make in a 3rd world country for $300.
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Great advice!
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I literally was asking myself this 10 mins ago 🤯 Thank you!
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@user-qf6cb2or4h
7 months ago
It’s a piece of art to so you are not only selling for the time and material but the artful eye.
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